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US Treasury Secretary Janet Yellen has acknowledged the significant movement of the Japanese yen in a short period, noting its sharp fluctuations this week. While Yellen refrained from confirming whether Japan had intervened in the currency market to support the yen, she emphasized that such interventions are expected to be rare and should involve consultation. She specifically declined to comment on whether Japan had intervened.
Yellen: the yen did move quite a bit in a relatively short period of time. we would expect these interventions to be rare and consultation to take place.
Yellen: "the yen did move quite a bit in a relatively short period of time. we would expect these interventions to be rare and consultation to take place." Looks like the US is not happy
US Treasury Secretary Janet Yellen acknowledged sharp moves in the value of the yen this week, even as she declined to say whether Japan had intervened to support the currency “I’m not going to comment on whether they did or didn’t intervene,” Yellen told reporters Saturday…